First National Bank Of Pana Mortgage Rates, Fees & Info

Pana, IL

LEI: 5493000EKZWTYZXUW582

Tax ID: 37-0274765

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Mortgage Data

Review & Overview

First National Bank Of Pana is a smaller bank specializing in Home Purchase loans. First National Bank Of Pana has a high proportion of conventional loans. Their top markets by origination volume include: Decatur, Taylorville, St. Louis, Charleston, and Oxford among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

First National Bank Of Pana has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

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Originations

171

Origination Dollar Volume (All Markets)

$17,025,000

Top Markets

Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

Market Originations Total Value Average Loan Average Fees Average Rate
DECATUR, IL (FHA|USDA|VA) 76 $7,690,000 $101,184 $0 0.00%
Taylorville, IL (FHA|USDA|VA) 63 $5,705,000 $90,556 $0 0.00%
Outside of Metro Areas 19 $2,245,000 $118,158 $0 0.00%
ST. LOUIS, MO-IL (FHA|USDA|VA) 3 $505,000 $168,333 $0 0.00%
Charleston-Mattoon, IL (FHA|USDA|VA) 6 $400,000 $66,667 $0 0.00%
Oxford, MS (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
Lincoln, IL (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 1 $35,000 $35,000 $0 0.00%
First National Bank Of Pana's top markets include Decatur, Taylorville, St. Louis, Charleston, and Oxford among others.

Their top states include:
  • Illinois (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Mississippi (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 171 $17,025,000 $99,561 $0 0.00%

    For 2023, First National Bank Of Pana's most frequently originated type of loan was Conventional, with 171 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 120 $12,670,000 $105,583 $0 0.00%
    Cash Out Refi 35 $2,575,000 $73,571 $0 0.00%
    Refi 16 $1,780,000 $111,250 $0 0.00%

    For 2023, First National Bank Of Pana's most frequently cited loan purpose was Home Purchase, with 120 originations. The 2nd most popular reason was Cash Out Refi, with 35 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 171 $17,025,000 $99,561 $0 0.00%

    For 2023, First National Bank Of Pana's most frequently cited loan duration was Other, with 171 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 116 $6,660,000 $57,414 $0 0.00%
    $100k-200k 40 $5,790,000 $144,750 $0 0.00%
    $200k-400k 13 $3,485,000 $268,077 $0 0.00%
    $400k-600k 1 $415,000 $415,000 $0 0.00%
    $600k-1MM 1 $675,000 $675,000 $0 0.00%

    2023 saw First National Bank Of Pana place emphasis on $100,000 or less loans with 116 originations, totaling $6,660,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 31 $3,315,000 $106,935 $0 0.00%
    $50k or less 30 $1,760,000 $58,667 $0 0.00%
    $50k-75k 24 $2,150,000 $89,583 $0 0.00%
    $75k-100k 19 $1,985,000 $104,474 $0 0.00%
    $250k+ 17 $2,165,000 $127,353 $0 0.00%
    $150k-250k 16 $2,570,000 $160,625 $0 0.00%

    First National Bank Of Pana lent most frequently to those with incomes in the $100k-150k range, with 31 originations. The second most popular income band? $50k or less, with 30 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 171 $17,025,000 $99,561 $0 0.00%

    First National Bank Of Pana lent most frequently to those with DTI ratios of Exempt%, with 171 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 136 $13,620,000 $100,147 $0 0.00%
    Not applicable 33 $3,035,000 $91,970 $0 0.00%
    Not provided 1 $305,000 $305,000 $0 0.00%
    Native Hawaiian 1 $65,000 $65,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.67%

    First National Bank Of Pana has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    98.25%

    First National Bank Of Pana has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 171 $17,025,000 $99,561

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    171 $17,025,000 $99,561